CANADA-NOVA SCOTIA OFFSHORE PETROLEUM BOARD
The Canada-Nova Scotia Offshore Petroleum Board welcomes you to our 2007-2008 Call for Bids.
New Parcel 2 Economic Data Available - April 22, 2008 
The Call consists of two shallow water parcels located within the Sable Sub-basin, an area where 23 Significant Discoveries have been made to date. Infrastructure in this area includes the Sable Offshore Energy Project and a subsea gas pipeline to markets in Eastern Canada and the United States. The Deep Panuke offshore gas project, which includes a second pipeline to landfall, is under development in the area. The complete Call for Bids package, which includes licensing terms and conditions, is available here (Call for Bids NS07-1). Bids on the parcels must be received by 4:00 p.m. AST, June 30, 2008. Some highlights:
Parcel 1
Light oil/condensate was discovered at the Penobscot field in early Cretaceous sandstones. Recoverable reserves are estimated at 26.4 - 80.3 MMBbls (P90 - P10), original oil in place estimates are between 77.0 - 225 MMBbls (P90-P10). Additional deep exploration potential exists in the Jurassic carbonate bank edge beneath the existing Penobscot discovery.
Parcel 2
Gas was discovered at the Eagle field in a late Cretaceous chalk reservoir. Recoverable reserves are estimated between 283 Bcf- 720 Bcf (P90-P10), original gas in place estimates are between 892 - 1,670 Bcf (P90 - P10). Several additional exploration prospects have been identified on the parcel.
Seismic and well data for the parcels is available in digital format from the Board's Data Management Centre: www.cnsopbdmc.ca.
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The public is invited to submit written comments to the Board on the Lands included in the Call for Bids. Such submissions will be considered by the Board before the issuance of Exploration Licences. The deadline for the submission of written comments is 4:00 p.m. Atlantic Standard Time, June 16, 2008. For contact information, please click here.
Important Deadlines
- The deadline for the submission of written comments is 4:00 p.m. Atlantic Standard Time, June 16, 2008.
- Bids on the parcels must be received by 4:00 p.m. AST, June 30, 2008.
